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Strengthening Social Security for the Long Run: Insights from 1983

Strengthening Social Security for the Long Run: Insights from 1983

November 10, 2010, 10:00 am 11:30 am
Location
B318 Rayburn House Office Building
On Independence Avenue between South Capitol Street and 1st Street
Washington, DC 20001
United States
Contact Elizabeth Lamme

* Briefing Presentations and Video Now Available *

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In policy discussions about the long-term financing of Social Security, reforms enacted in 1983 are often held up as a model of balanced political compromise. But that is not exactly what happened. Only the short-term reforms, aimed at getting the program safely through the 1980s, contained a mix of changes that affected Social Security contributors and beneficiaries more or less evenly. The piece Congress added to address the remaining long-term shortfall was not a compromise. It was solely a benefit cut that is still being phased in today. 

As the president's fiscal commission nears its reporting deadline, the National Academy of Social Insurance released a new policy brief, Strengthening Social Security for the Long Run.

Speakers:
Janice Gregory, NASI President and Social Security Subcommittee staff, 1983
Virginia Reno, NASI VP for Income Security and Greenspan Commission staff

Discussant:
Wendell Primus, Policy advisor to House Speaker Nancy Pelosi and chief economist for the Committee on Ways and Means, 1983

Moderator:
Lisa Mensah, NASI Chair and Executive Director of the Aspen Institute Initiative on Financial Security

  • What happenned in 1983?
  • Why the growing concern about the inadequacy of Social Security going forward?
  • Can we afford Social Security in the future? What do Americans say they want?
  • How might we improve benefit adequacy at an affordable cost?
  • How might we design a 75-year financing plan?

Click here to view NASI’s new brief, Strengthening Social Security for the Long Run.